Answer:
The amount of overhead Lowden Company should record in the current period is $124,740
Explanation:
Overhead application = 162%
Material cots = $77,000
Labor cost = $63,000
As allocated overhead based on direct material cost
Current period Overhead = $77,000 x 162%
Current period Overhead = $77,000 x 1.62
Current period Overhead = $124,740
So, the amount of overhead Lowden Company should record in the current period is $124,740
Answer: Expense capitalize
Explanation:
The expense capitalize is the term which is used to refers to the capitalizing the given cost of the expenses based on their values for the purpose of evaluating all the expenses in the balance sheet.
The capitalize the expenses provide various types of benefits to the firms for obtaining the various types of updated assets that typically helps in providing the long term duration.
According to the given question, the interest in the given two cases is basically treat by expense capitalize for the purpose of financial reporting.
Therefore, Expense capitalize is the correct answer.
Answer:
contest sponsors have to deposit $6795163.17 in the escrow account
Explanation:
given data
amount = $10 million
time = 20 year
rate = 4 %
to find out
how much do the contest sponsors have to deposit in the escrow account
solution
we know Cash flow per period = 10000000/20 = $500000
we will apply here future value formula to find amount
future value = cash flow × 
here r is rate and t is time
put here value
future value = 500000 × 
future value = 6795163.1724
so contest sponsors have to deposit $6795163.17 in the escrow account
